The Dutch Oven will be in a Texas uniform for several more years.
The Texas Rangers have signed 25-year-old Derek Holland to a 5-year deal worth an estimated $28 million, according to the Jeff Wilson with the Star-Telegram.
The Rangers announced the deal Tuesday morning, but didn't reveal the financials -- as per usual.
The team already had Holland locked up through 2015, "so the five-year contract cancels out his previous minimum-salaried deal for 2012, pre-pays for all three arbitration seasons, and buys out his first season of free agency while giving the Rangers options on his second and third free agent years," according to Aaron Gleeman with NBC Sports.
The new deal also includes a pair of club options for the 2017 and 2018 season.
Holland has spent his entire, three-season MLB career in Texas. He is 27-22 with a 4.73 ERA and a 1.41 WHIP. In 2011, he was 16-5 with a 3.95 ERA, 67 strike outs and a a 1.31 WHIP. Holland is perfect in the offseason with a 3-0 record.
Holland and the Rangers will hold a news conference Tuesday afternoon in Surprise to discuss the deal.